How much longer will this bear market go on for?

Type_45

Consumers feeling the pinch in the USA.

masonic

Type_45 said:

Consumers feeling the pinch in the USA.

Isn't that just a share price chart for Walmart? Your comment seems a bit of a leap. Share prices plummet for reasons other than 'consumers feeling the pinch'. Just take Tesco for example.

Type_45

masonic said:

Type_45 said:

Consumers feeling the pinch in the USA.

Isn't that just a share price chart for Walmart? Your comment seems a bit of a leap. Share prices plummet for reasons other than 'consumers feeling the pinch'. Just take Tesco for example.

Walmart issues profit warning as soaring inflation hits customers

Shares fall almost 10% after grim trading update ahead of second-quarter earnings

https://www.ft.com/content/664f16d0-2faf-4b7b-af72-236e370dbd08

masonic

Type_45 said:

masonic said:

Type_45 said:

Consumers feeling the pinch in the USA.

Isn't that just a share price chart for Walmart? Your comment seems a bit of a leap. Share prices plummet for reasons other than 'consumers feeling the pinch'. Just take Tesco for example.

Walmart issues profit warning as soaring inflation hits customers

Shares fall almost 10% after grim trading update ahead of second-quarter earnings

https://www.ft.com/content/664f16d0-2faf-4b7b-af72-236e370dbd08

Slightly better, but your source is behind a paywall. Why not post one of the many articles that could be read and inwardly digested by those still reading your posts? It might enable a balanced view to be taken. The essence of the article, for those who cannot access it, is that "Walmart warned its operating income would fall by 13 to 14 per cent in the quarter and 11 to 13 per cent over the full year as it discounts merchandise to clear excess inventory" and that "Investors have grown increasingly concerned that retailers will have to discount unsold products as rising prices and a shift in spending from goods to services coincide with stores’ efforts to bring in holiday merchandise early to avoid the supply chain disruptions that bedevilled the sector earlier in the coronavirus pandemic."
Walmart has a significant inventory problem, and has not managed recent supply chain issues well. It's certainly the case that inflation is reducing consumer discretionary spending, and that's exacerbating the issue, but it seems there is much more at play here. "A shift in spending from goods to services" doesn't sound much like belt-tightening.

Type_45

masonic said:

Type_45 said:

masonic said:

Type_45 said:

Consumers feeling the pinch in the USA.

Isn't that just a share price chart for Walmart? Your comment seems a bit of a leap. Share prices plummet for reasons other than 'consumers feeling the pinch'. Just take Tesco for example.

Walmart issues profit warning as soaring inflation hits customers

Shares fall almost 10% after grim trading update ahead of second-quarter earnings

https://www.ft.com/content/664f16d0-2faf-4b7b-af72-236e370dbd08

Slightly better, but your source is behind a paywall. Why not post one of the many articles that could be read and inwardly digested by those still reading your posts? It might enable a balanced view to be taken. The essence of the article, for those who cannot access it, is that "Walmart warned its operating income would fall by 13 to 14 per cent in the quarter and 11 to 13 per cent over the full year as it discounts merchandise to clear excess inventory" and that "Investors have grown increasingly concerned that retailers will have to discount unsold products as rising prices and a shift in spending from goods to services coincide with stores’ efforts to bring in holiday merchandise early to avoid the supply chain disruptions that bedevilled the sector earlier in the coronavirus pandemic."

No paywall for me.  But anyone can simply google "Walmart" and click on 'news' for multiple sources on this.

Type_45

masonic said:

Type_45 said:

masonic said:

Type_45 said:

Consumers feeling the pinch in the USA.

Isn't that just a share price chart for Walmart? Your comment seems a bit of a leap. Share prices plummet for reasons other than 'consumers feeling the pinch'. Just take Tesco for example.

Walmart issues profit warning as soaring inflation hits customers

Shares fall almost 10% after grim trading update ahead of second-quarter earnings

https://www.ft.com/content/664f16d0-2faf-4b7b-af72-236e370dbd08

Slightly better, but your source is behind a paywall. Why not post one of the many articles that could be read and inwardly digested by those still reading your posts? It might enable a balanced view to be taken. The essence of the article, for those who cannot access it, is that "Walmart warned its operating income would fall by 13 to 14 per cent in the quarter and 11 to 13 per cent over the full year as it discounts merchandise to clear excess inventory" and that "Investors have grown increasingly concerned that retailers will have to discount unsold products as rising prices and a shift in spending from goods to services coincide with stores’ efforts to bring in holiday merchandise early to avoid the supply chain disruptions that bedevilled the sector earlier in the coronavirus pandemic."
Walmart has a significant inventory problem, and has not managed recent supply chain issues well. It's certainly the case that inflation is reducing consumer discretionary spending, and that's exacerbating the issue, but it seems there is much more at play here. "A shift in spending from goods to services" doesn't sound much like belt-tightening.

Lots of data due this week. Let's see what the rest says.

InvesterJones

Type_45 said:

Consumers feeling the pinch in the USA.

3M up nearly 5%, McDonald's up nearly 2.5% today..

Picking individual stocks doesn't really tell us much.

Type_45

InvesterJones said:

Type_45 said:

Consumers feeling the pinch in the USA.

3M up nearly 5%, McDonald's up nearly 2.5% today..

Picking individual stocks doesn't really tell us much.

Nothing tells us much because the Biden regime will probably change the meaning of "up" and "down" in the stock market soon.  

adindas

Type_45 said:

masonic said:

Type_45 said:

Consumers feeling the pinch in the USA.

Isn't that just a share price chart for Walmart? Your comment seems a bit of a leap. Share prices plummet for reasons other than 'consumers feeling the pinch'. Just take Tesco for example.

Walmart issues profit warning as soaring inflation hits customers

Shares fall almost 10% after grim trading update ahead of second-quarter earnings

https://www.ft.com/content/664f16d0-2faf-4b7b-af72-236e370dbd08

Earning season. WMT profit warning is significant as WMT distributing staples / food should be a sector which should be performing well in the bear market. So if the the company such as WMT produce lower earning, it begs question what about other companies ?

https://www.cnbc.com/2022/07/25/amazon-sinks-after-walmart-lowers-profit-outlook-on-inflation-concerns.html

In fact analysts have named WMT profit warning is one of the cause other stocks to tank on Monday and Tuesday.

masonic

Type_45 said:

masonic said:

Type_45 said:

masonic said:

Type_45 said:

Consumers feeling the pinch in the USA.

Isn't that just a share price chart for Walmart? Your comment seems a bit of a leap. Share prices plummet for reasons other than 'consumers feeling the pinch'. Just take Tesco for example.

Walmart issues profit warning as soaring inflation hits customers

Shares fall almost 10% after grim trading update ahead of second-quarter earnings

https://www.ft.com/content/664f16d0-2faf-4b7b-af72-236e370dbd08

Slightly better, but your source is behind a paywall. Why not post one of the many articles that could be read and inwardly digested by those still reading your posts? It might enable a balanced view to be taken. The essence of the article, for those who cannot access it, is that "Walmart warned its operating income would fall by 13 to 14 per cent in the quarter and 11 to 13 per cent over the full year as it discounts merchandise to clear excess inventory" and that "Investors have grown increasingly concerned that retailers will have to discount unsold products as rising prices and a shift in spending from goods to services coincide with stores’ efforts to bring in holiday merchandise early to avoid the supply chain disruptions that bedevilled the sector earlier in the coronavirus pandemic."
Walmart has a significant inventory problem, and has not managed recent supply chain issues well. It's certainly the case that inflation is reducing consumer discretionary spending, and that's exacerbating the issue, but it seems there is much more at play here. "A shift in spending from goods to services" doesn't sound much like belt-tightening.

Lots of data due this week. Let's see what the rest says.

The point I was making was that many factors affect company earnings and share prices, from competition in the marketplace, cost of servicing debts, logistics challenges, prior poor forecasting, inability to adapt to new challenges etc. Yes, the amount of money in customers' pockets is an element that will make a contribution in most cases, but it is impractical to separate that from other confounding factors. There are better ways of gauging how freely consumers are spending than looking at individual company share prices and announcements.